Iran, China plan to ex­pand co­op­er­a­tion in bank­ing sec­tor

Iran and China would ex­pand their co­op­er­a­tion in the bank­ing sec­tor. Gov­ern­ment of­fi­cials of the two coun­tries, who have been in­volved in talks about im­prov­ing bank­ing re­la­tions, called for es­tab­lish­ing good co­op­er­a­tion be­tween banks of the two coun­tries and un­der­scored the need for set­ting up Chi­nese banks’ branches in Iran. China has been among the lead­ing eco­nomic and bank­ing part­ners of Iran par­tic­u­larly af­ter the sign­ing of the Joint Com­pre­hen­sive Plan of Ac­tion (JCPOA) be­tween Iran and the six world pow­ers. In a meet­ing be­tween the gov­er­nor of Iran’s Cen­tral Bank and China’s am­bas­sador to Tehran, the two sides dis­cussed the bank­ing re­la­tions and em­pha­sized on the es­tab­lish­ment of bank­ing bro­ker­age, fi­nanc­ing projects as well as set­ting up Chi­nese banks’ branches in­side Iran.